tax concessions

Old tax regime to stay, but why would anyone want it now: CBDT chairman

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Old tax regime to stay, but why would anyone want it now: CBDT chairman

New Delhi: The proposed new income tax law will be “user-friendly” and easy to comprehend, without redundant provisions of the six-decade old Act, said Central Board of Direct Taxes (CBDT) chairman Ravi Agrawal. In an interview to ET on Sunday, a day after finance minister Nirmala Sitharaman announced the new legislation in her budget speech, … Read more

Union Budget 2024: What all can FM Sitharaman offer on the income tax front for taxpayers

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Union Budget 2024: What all can FM Sitharaman offer on the income tax front for taxpayers

Budget 2024: Finance Minister Nirmala Sitharaman will be presenting the Union Budget for 2024-25 later this month. Since the beginning of this year, taxpayers have been expecting some relief and concession on the tax front. But were disappointed in the Interim Budget as the finance minister proposed to retain the same tax rates for both … Read more